Housing downturn now worse than the Great Depression

Tuesday provided some perfect examples of the conventional wisdom about the housing market - namely, that recent new declines in the Case-Shiller Index show that we are spiraling down into the double-dip of Doom.
Jeff Cox of CNBC wrote: It’s official: The housing crisis that began in 2006 and has recently entered a double dip is now worse than the Great Depression……………………………………….Full Article: Source